COLLEGE OF BUSINESS

Bachelor of Science in Accounting Information System

COURSE SYLLABUS

The ICT-ED College of Business is committed to produce graduates who:

1. Demonstrate understanding of business concepts and principles such as, but not limited to economics,
marketing and management;
2. Think critically, communicate effectively and act decisively, imbued with business ethics and the values
of social entrepreneurship;
3. Manifest teamwork and collaborative skills in formulating and carrying out solutions to domestic and
international business issues;
4. Utilize research and updated technology in partnership with internal and external stakeholders to bring
about innovation in the dynamic global market; and
5. Promote human welfare and dignity alongside sustaining a prosperous world economy.

LAW1 – LAW ON OBLIGATION AND CONTRACTS

Prerequisite : NONE
Type of Course : Lecture
Units :

1. Course Description:
The course covers key components of project management including project integration, project scope
management, project time and cost management, quality management, human resource considerations,
communications, risk management, and procurement management.

2. Learning Outcomes:

By the end of this course, students should be able to:

LO1.To guide students in the study of legal principles relating to obligations and contracts by exposing
them to relevant primary and secondary materials and facilitating discussions on the application of
these principles to actual or hypothetical cases
LO2.To gain knowledge of the legal provisions governing business transactions in general, and the law
on obligations and contracts in particular
LO3.To prepare the students for advance studies on business law;
LO4.To develop analytical skills of applying the law on obligations and contracts on certain situations
or business transactions.

3. Learning Plan:

LO Topics and Readings Class Schedule Learning Activities

[Weeks]
LO1 Introduction to Law and the Philippine
Legal System
Law on Obligations and Contracts
 Obligations - Lecture
o General Provisions on Obligations Week 1 - Individual Activity
- Reporting
o Definition of obligation
o Elements
o Sources of obligations
Nature and Effect of Obligations Week 2 - Lecture
 Prestations /Objects - Individual Activity
- Reporting
  Things required to be delivered
 Accessory obligations
 Compliance with obligations
 Breach of obligations - Lecture
o Delay - Individual Activity
o Fraud - Reporting
o Negligence
 Fortuitous event
 Remedies
Classification of Obligations
 Pure and Conditional
o Pure obligations
o Conditional obligations
 Effects of conditions
 Constructive fulfilment of suspensive
condition
- Lecture
 Retroactive effects of fulfillment of Week 3 - Individual Activity
suspensive condition - Reporting
 Rights of creditor pending fulfillment of
suspensive condition
 Loss, improvement, deterioration of thing
to be delivered pending the fulfillment of
suspensive condition/resolutory condition
 Unilateral/reciprocal obligations
 Effect of mutual breach
Preliminary Examination Week Week 4
Obligations with a Period - Lecture
 Suspensive period v. resolutory period - Individual Activity
 Effects of a period - Reporting
 When courts may fix a period
 Benefit or use of the period
Alternative Obligations and Facultative Week 5
- Lecture
Obligations
- Individual Activity
 Alternative v. facultative obligations
- Reporting
 Alternative prestations at debtor's choice
 Alternative prestations at creditor's choice
 Facultative obligations
Midterm Examination Week
Joint and Solidary Obligations
 Joint obligation - presumed
 Solidary obligation
 Indivisibility does not give rise to solidarity
or vice-versa
- Lecture
 Solidarity with different terms and
- Individual Activity
conditions Week 6
- Reporting
 Prohibited acts
LO2  Demand by any of the solidary creditors
 Effect of novation, compensation,
confusion or remission
 Payment by a solidary co-debtor
Divisible and Indivisible Obligations
 Divisible obligation
 Kinds of division
 Obligations deemed divisible
 Indivisible obligation
 Kinds of indivisibility
 Effect of non-compliance by a co-debtor in
a joint indivisible obligation - Lecture
 Obligations deemed indivisible Week 7 - Individual Activity
Obligations with a Penal Clause - Reporting
 Nature, purpose and kinds of penal clause
 Effects
 Proof of actual damages not necessary
 Reduction of penalty
 Effect of nullity of penal clause
 Effect of nullity of principal obligation on
penal clause
Pre- Final Examination Week Week 8
 Extinguishment of Obligations - Lecture
Payment or performance - Individual Activity
 What constitutes payment - Reporting
 Payor
 Payee
 Manner/mode of payment
 Special forms of payment
 Application of payment
 Currency
Week 9
 Place of payment - Lecture
 Expenses/costs in payment - Individual Activity
Loss of Determinate Thing Due - Reporting
 Effect of loss of a determinate
thing/impossibility of performance
 Exceptions
 Partial loss of thing
 Difficulty of service to be rendered
 Remedy of creditor against third parties
LO3
Condonation or Remission
 Concept and nature of
condonation/remission
 Implied condonation
 Effect of renunciation of principal debt
 Presumed remission of pledge
Confusion or Merger of Rights
 Concept
 Effect on guarantors
Week 10
 As applied to joint obligations, solidary
obligations and indivisible obligations
Compensation
 Concept
 Kinds
 Obligations which cannot be subject of
compensation
 Effects
 Effect of assignment of credit
Novation
 Concept, requisites and kinds
 Modes
 Effects
Contracts
Week 11
 Concepts
 General principles or tenets
 Stages
 Elements
 Consent
LO4 Object
 Requisites
 Matters which cannot be object of contract
Cause
 Concept
Week 12
 Distinguished from motives
 Absence/unlawful cause
 Statement of false cause
 Inadequacy of cause
Reformation of Instruments
Interpretation of Contracts Week 13
Defective Contracts
 Rescissible Contracts
 Voidable Contracts
Unenforceable Contracts Week 14
Void or Inexistent Contracts
 Void/inexistent contracts
 Effects
Review /Check-Out Week 15
Final Exam Week Week 16

4. Grading System:
 REQUIREMENT/ASSESSMENT TASK MAXIMUM POINTS
Class Standing (Class Participation,
50
Homework, Problem Sets, Seatwork, Quizzes
Attendance 10
Major Examination 40
TOTAL 100

5. Rubrics

a. Oral Recitation

Category Scoring Criteria Total Points Score

Organization Type of presentation is appropriate for the topic and audience 5

Information is presented in logical sequence. 5

Content Introduction is attention getting, lays out the problem well 5

and establishes a framework for the rest of the presentation

Presentation contains accurate information. 5

There is an obvious conclusion summarizing the presentation. 5
Speaker maintains good eye contact with the audience and is
Appropriately animated (e.g. gestures, moving around etc.). 5

Presentation Speaker uses a clear audible voice. 5

Delivery is poised, controlled and smooth. 5
Good language skills and pronunciation are used. 5
Length of the presentations is within the assigned time limits. 5
Information was well communicated. 5

6. Other concerns

a. Course Requirements:
 Projects and assignments must be submitted on time
 Assignment/projects submitted late will be subjected to deduction of 0.5% per day
including weekend
 Instructors reserved the right to return projects that do not meet the standards expected
to a student
 Hard copy of documents required will be stapled together with the fort size of 12, font
style of Arial, margins at 1 inch in all sides using a 8.5 inches by 11 inches (known as
“short bond paper’’). The front page should have only the following: ICT-ED Institute of
Science and Technology Inc, Subject code, Subject descriptive Title, School Year and Full
name with font size of 16.

b. Class Attendance
 Student’s attendance is absolutely required
 All class sessions will follow the correct number of hours and minutes.

7. Classroom policies

 Attendance will be checked by the board works/quizzes/activities/oral recitation during

the session
 We are going to base our official time on the clock at the guard house. But in any case it
is broken, we are going to use the clock on the SET office
 We will be strictly adhering attendance policies
 Should you miss any sessions, be responsible for what was discussed
 Should you miss any graded activity, this will have an impact to your assessment.
Request to your instructor for makeup activities
 Follow consultation hours
 Let us treat other with mutual respect.